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Loans and finance receivables | 9 Months Ended
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Sep. 30, 2025
Receivables [Abstract] |
Loans and finance receivables | Note 7. Loans and finance receivables Loans and finance receivables are principally manufactured home loans, and to a lesser extent, commercial loans and site-built home loans and are summarized as follows (in millions).
| September 30, 2025 |  |  | December 31, 2024 |
Loans and finance receivables, before allowances and discounts | $ | 31,450 |  |  | $ | 29,700 |
Allowances for credit losses |  | (1,323 | ) |  |  | (1,134 | )
Unamortized acquisition discounts and points |  | (800 | ) |  |  | (768 | )
| $ | 29,327 |  |  | $ | 27,798 |
Reconciliations of the allowance for credit losses on loans and finance receivables follow (in millions).
| 2025 |  |  | 2024 |
Balance at the beginning of the year | $ | 1,134 |  |  | $ | 950 |
Provision for credit losses |  | 314 |  |  |  | 180 |
Charge-offs, net of recoveries |  | (125 | ) |  |  | (79 | )
Balance at September 30 | $ | 1,323 |  |  | $ | 1,051 |
As of September 30, 2025, substantially all manufactured and site-built home loans were evaluated collectively for impairment, and we considered approximately 96% of these loans to be current as to payment status. A summary of performing and non-performing home loans, before discounts and allowances, by year of loan origination as of September 30, 2025 follows (in millions).
| Origination Year |  |  |  |
| 2025 |  |  | 2024 |  |  | 2023 |  |  | 2022 |  |  | 2021 |  |  | Prior |  |  | Total |
Performing | $ | 4,512 |  |  | $ | 5,527 |  |  | $ | 4,611 |  |  | $ | 3,421 |  |  | $ | 2,845 |  |  | $ | 9,590 |  |  | $ | 30,506 |
Non-performing |  | 2 |  |  |  | 18 |  |  |  | 25 |  |  |  | 18 |  |  |  | 15 |  |  |  | 59 |  |  |  | 137 |
| $ | 4,514 |  |  | $ | 5,545 |  |  | $ | 4,636 |  |  | $ | 3,439 |  |  | $ | 2,860 |  |  | $ | 9,649 |  |  | $ | 30,643 |

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